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Super Guarantee for Over 70s

Mannions Business Services - Thursday, June 06, 2013

The current maximum age limit of 70 years old for Super Guarantee contributions will be removed effective 1 July 2013. Employers are now required to make Super Guarantee contributions on behalf of all the eligible employees regardless of their age. So, now it’s time for employers to review the salary package of their older employees to include the super contributions. Similarly, older employees should approach their employers to discuss this new component of their remuneration they are entitled to.

Please contact our office if you would like to discuss Super Guarantee eligibility and the impact of the change on your business or salary package.

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